U.S. spot bitcoin ETFs made a slight comeback on Thursday, drawing in $11.11 million in positive inflows.
United States spot bitcoin exchange-traded funds (ETFs) managed to secure a total of $11.11 million on Thursday, while a contrasting fate befell ethereum ETFs, which lost a combined $39.21 million during the day's trading session.
A glance at Thursday's crypto ETF landscape shows that U.S. spot bitcoin ETFs made a slight recovery on Thursday, attracting $11.11 million in positive inflows. Among these funds, Fidelity's FBTC took the lead with $16.25 million in inflows, followed by Grayscale's Mini Bitcoin Trust with $13.66 million, and Bitwise's BITB fund, which added $6.23 million to the tally. However, Grayscale's GBTC had a different experience, losing a total of $25.03 million.
The remaining funds — IBIT, ARKB, HODL, BRRR, BTCO, EZBC, BTCW, and DEFI — had a relatively uneventful day with no reported inflows or outflows. With the addition of $11 million, the 12 funds' total net inflows since Jan. 11, 2024, now stand at approximately $17.33 billion, according to sosovalue.xyz statistics. After $1.79 billion in trades yesterday, these funds now hold a combined total of $51.99 billion in BTC reserves.
On the other hand, spot ether ETFs lost $39.21 million, mainly due to Grayscale's ETHE shedding $42.52 million. On a more positive note, Fidelity's FETH led the ether pack with $2.54 million in inflows, and Blackrock's ETHA chipped in with a smaller $770,350. Despite Thursday's losses, ETH ETFs are still showing a net outflow for the year. Currently, the nine funds are down by $405.11 million, collectively holding $7.16 billion in ETH, which represents 2.33% of ETH's market cap.
What are your thoughts on Thursday's crypto ETF trading action? Share your insights and opinions on this topic in the comments section below.
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